They are still up over 30% so a dynamic move can move share price way higher. It's funny because sometimes acquisition announcement lower share prices but I guess in a relatively small sector it moves all boats upwards.
Although I've been disappointed with FLY management, my introduction to FLY got me into the sector and into AER shares. Unfortunately, FLY is my biggest position by cost -- wish it were AER! But great news for AER and its shareholders. Great management team. Hopefully, the FLY board of directors will pay attention to the relative strengths of an internal management team (vs the FLY "outsourcing" model).